July 22, 2010

Technical Analysis Of Two Select Lithium Mining Stocks

By Planet Wealth

pTime for another Sector Analysis. Tonight Irsquo;ll go through a few selecta title=lithium mining stocks href=http://www.lithium-stocks.net/652/lithium-mining-stocks-separation-rapids-2/ target=_blankemstrong Lithium Mining stocks/strong/em/a. The origional lithium sector overview charts from my list shows all of the changes ive been looking at lately. The reason my interest for theemstronga title=lithium sector href=http://www.lithium-stocks.net target=_blank Lithium sector/a/strong/em became more pronounced was LI.V ndash; Lithium One. Way before that stock popped up in my scans WLC.V ndash; Western Lithium Canada kept popping up . Times have changed. WLC.V is still a leader LI.V made it onto my list but recently I got rid of it and replaced it with RM.V ndash; Rodinia Minerals. Thatrsquo;s the name of the game. You replace weak stocks with strong stocks. Yoursquo;re not only supposed to do that within a sector but with your overall portfolio. Keep your winners and get rid of your losers. No hard feelings./p
pbr /On to the charts. emstronga title=lithium stocks href=http://www.lithium-stocks.net target=_blankLithium stocks/a /strong/emhavenrsquo;t kept moving up like the Rare Earth stocks. Relatively speaking this sector is weaker but the consolidation patterns could be setting the stocks up for another push to the upside. I am closely monitoring WLC.V ndash; Western Lithium Canada which I consider to be the leader within the sector as it has the highest market cap (that of course doesnrsquo;t take into account SQM ndash; Sociedad Quimica y Minera de Chile). The recent private placement is now closed. The stage is set for a potential go to the upside. Letrsquo;s see what happens./p
pbr /Up until last week my favourite was RM.V ndash; Rodinia Minerals. Somehow the stock lost its immediate pressure over the course of the last few days. So for now I will stick to watching WLC.V for clues./p
pbr /CLQ.V ndash; Canada Lithium has been one of the best movers from a percentage perspective. The stock has now retraced 50% from its recent all time highs. So far the retracement / consolidation looks rather orderly. Wersquo;ll see what happens and if the stock ./p
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